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India Crypto Exchanges Restrict Rupee Deposits to Buy Crypto
Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have banned users from making Rupee deposits to buy cryptocurrencies, Reuters reported.
This is a decision that stems from regulatory…
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EU Council Expands Sanctions on Crypto Wallets, Targeting Russian Officials
The European Union Council has imposed another round of sanctions on Russia with an extended ban on cryptocurrency-focused transactions for already blacklisted Russian individuals and their…
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Indonesia Set to Impose Income Tax on Crypto Assets from May
Indonesia, the largest economy in Southeast Asia, announced plans to charge value-added tax (VAT) on crypto-asset transactions as well as an income tax on capital gains from such investments at 0.1%…
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Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem
Singapore and Cambodia are notably exploring the use of Central Bank Digital Currencies (CBDCs) and digital currencies to improve their payment ecosystem efficiency as well as bolster the growth of…
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Yuga Labs Teases ‘Otherside’ as its Potential Next Project
For anyone that has been following the events in the digital currency ecosystem very well, Yuga Labs will be a prominent name that can be reckoned with.
This is partly for being the brains behind…
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Bank of Israel Issues Draft Regulations Regarding AML for Crypto Firms
The Bank of Israel has issued a new draft guideline to stakeholders in the cryptocurrency ecosystem concerning Anti-Money Laundering (AML) provisions.
According to the press release published by the…
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Switzerland to Freeze Crypto Assets Linked to Russians
On Friday, the federal government of Switzerland announced plans to freeze all crypto assets held within its borders that are owned by Russian citizens and businesses sanctioned by the European…
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US, EU Regulators Vow to Remove Russian Banks from SWIFT Network
Perhaps, one might say the attack on Ukraine by Russian forces is not well coordinated as leaders worldwide continue to announce sanctions on key individuals and institutions in Russia.
One of the…
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Binance Joins Association of Russian Banks, Strengthening Strategic Relations
Binance cryptocurrency exchange has joined the Association of Russian Banks (ARB), which arguably bolsters its relationship with top financial institutions in the country.
As reported by a local…
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Hungarian Central Bank Governor Advocates EU Wide Crypto Ban
The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union.
In a…
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